The payroll tax appears to be a proportional tax. In reality it is
a. highly progressive.
b. actually proportional.
c. highly regressive.
d. regressive on low-income persons and progressive on high-income persons.
c
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The political market place requires all EXCEPT
A) diplomats. B) firms. C) voters. D) politicians.
Ration coupons are typically associated with which of the following government programs?
a. price floors b. target prices c. soil bank programs d. price ceilings e. minimum wage laws
An advantage of owning stock in a corporation as opposed to being a bondholder is that
a. stocks carry a guaranteed dividend b. stock dividends are paid out of corporate profits before the bondholders are paid c. stockholders' dividends are linked to the size of the corporation's profits d. bonds carry more risk e. bond payments are not guaranteed by the government
The existence of the “underground economy” causes measured GDP to overestimate actual output.
Answer the following statement true (T) or false (F)